Akash Infra Projects Limited (AKASH) — Announcement | 7 May 2026

Akash Infra Projects Limited disclosed a Commercial Court ruling in Ahmedabad Municipal Corporation versus Akash Infra Projects Limited, upholding Arbitrator Awards dated 31.01.2022 and dismissing all applications from both parties. The court validated the awards as lawful and free from irrationality, rejecting AMC's plea to quash them and the contractor's request to increase awarded amounts. This resolves a key legal uncertainty without financial penalties or compensation triggers, maintaining existing contractual obligations. The decision removes overhang from prolonged litigation, supporting confidence in enforceable agreements. Investors should note this removes a material overhang with no immediate financial impact or future obligations.